Ripple is bringing its regulated RLUSD stablecoin to MENA’s biggest crypto market
Ripple has launched its dollar-backed stablecoin RLUSD in Turkey for institutional users through integrations with BiLira, Bitexen, and Bitlo. The move targets a huge market: Turkey is one of the world’s most active crypto economies, driven by persistent lira weakness, strong dollar demand, and both hedging and speculative trading. Ripple is positioning RLUSD as a compliance-focused alternative for corporate liquidity, cross-border payments, collateral, and treasury use, not retail trading. Turkey’s tighter crypto regulation since 2024, plus proposed 2026 tax rules that favor licensed exchanges, may benefit regulated providers like Ripple. RLUSD has grown quickly since its late-2024 launch, and Ripple is also linking the rollout to broader institutional activity on the XRP Ledger and a research partnership with Istanbul Technical University.
